NMB Capital Limited has published an offer letter to issue the "NMB Saral Bachat Fund - E." The issue will open on 17th Bhadra and conclude on 21st Bhadra, 2078. If not subscribed by the early closing date, the deadline can be extended till Bhadra 31.
The "NMB Saral Bachat Fund - E" is an open-ended mutual fund, meaning it won't be traded in NEPSE. The fund has no maturity period, and the fund manager can add to the size of the mutual fund whenever needed.
10 crore units of Rs 10 face value each will be issued. 14% of the total fund size has been allocated for the fund promoter NMB Bank and 1% for NMB Capital. Investors can apply for a minimum of 100 units to a maximum of 40 lakh units.